Most Important Government Ploys

By Savage, Shirley S. | Global Finance, September 1999 | Go to article overview

Most Important Government Ploys


Savage, Shirley S., Global Finance


Indonesia will receive $5.9 billion in fresh funds from a World Bank-sponsored group of international lenders.The funds will help Indonesia finance a budget deficit said to be 5.8% of annual economic output for the fiscal year ending March 31 2000.While largescale food and medical shortfalls haven't happened, the World Bank still views the new funds as essential to keeping social programs intact in the country. But there are worries within the World Bank and among Indonesia's opposition parties that the country's debt is getting out of control. The latest funds will boost the government's borrowing to more than $70 billion. In order to rescue the country's banking system, the government will need almost $80 billion in additional funds.The current government is trying to tackle the rising-debt problem.And with elections coming up in November, sensitivity to the problem is rising, too.

Peru has issued $500 million in global bonds and will swap the whole issue for existing Brady bonds, freeing the US treasury collateral. The move implies more free cash flow for the government which will have to fund a nominal fiscal gap of 1.7-2% of GDP as the result of a major deterioration in tax revenues. According to Santiago Millan of Ideaglobal.com, the issue isn't merely designed to improve the liquidity of Peru's sovereign debt, but also to establish a new benchmark for the country's corporate issuers and improve its amortization profile. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Most Important Government Ploys
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.